Lot 73 Pleasant Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2022 | Sold | ||
| Sold | |||
| Dec 13, 2021 | Listed by Janice Mitchell R.E., Inc | $39,900 | |
| Listed by Janice Mitchell R.E., Inc | |||
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Almost an acre of land with town water located north of Main Street near Wire Village Road~~~Convenient location with easy access~~~The town of Spencer was incorporated in 1753, a small vibrant and prosperous town with a quaint main street with independently owned shops~~~Spencer is also home to St. Joseph's Abbey which is known for their Trappist jams and jellies, and more recently their Spencer Trappist Ale, the only certified Trappist beer made in the U.S.
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